Looking at
NZDCAD
from the 4HTF we see how price tested the zone at 0.83780, Price approach it In a corrective manner showing the low momentum in bulls power.
The zone at price 0.83780 holds, resulting to a double Top pattern.
And at 0.83573 also we can see how price react to it, moving out of this area with high momentum.
Currently the pair is building up for a continuation move as we can see it's forming a pattern to move downward.
Having this in mind I will be preparing myself to enter at the top of the flag pattern provided there's an entry signal.
If you found this helpful please support your fellow trader with a like
NZDCAD
from the 4HTF we see how price tested the zone at 0.83780, Price approach it In a corrective manner showing the low momentum in bulls power. The zone at price 0.83780 holds, resulting to a double Top pattern.
And at 0.83573 also we can see how price react to it, moving out of this area with high momentum.
Currently the pair is building up for a continuation move as we can see it's forming a pattern to move downward.
Having this in mind I will be preparing myself to enter at the top of the flag pattern provided there's an entry signal.
If you found this helpful please support your fellow trader with a like